Global Hybrid Electric Vehicle Market 2021-2025

Global Hybrid Electric Vehicle Market 2021-2025

Technavio has been monitoring the hybrid electric vehicle market and it is poised to grow by 11347.27 thousand units during 2021-2025, progressing at a CAGR of 32.83% during the forecast period. Our report on the hybrid electric vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by stringent regulations on emissions and fuel efficiency and subsidies and tax rebates for HEVs to reduce dependency on petroleum products. In addition, stringent regulations on emissions and fuel efficiency is anticipated to boost the growth of the market as well.

The hybrid electric vehicle market analysis includes the degree of hybridization segment and geographic landscape.

Technavio's hybrid electric vehicle market is segmented as below:

By Degree of Hybridization

• Full HEVs
• Mild HEVs
• PHEVs

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• MEA

This study identifies the reduction in Li-ion battery costas one of the prime reasons driving the hybrid electric vehicle market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on hybrid electric vehicle market covers the following areas:

• Hybrid electric vehicle market sizing
• Hybrid electric vehicle market forecast
• Hybrid electric vehicle market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid electric vehicle market vendors that include BMW AG, Daimler AG, Ford Motor Co., Geely Automobile Holdings Ltd., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., and Toyota Motor Corp. Also, the hybrid electric vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.